Tex. Ins. Code § 403.001

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 403.001 - Limitation on Dividends

An insurer organized under the laws of this state, including a life, health, fire, marine, or inland marine insurance company, may not pay a shareholder dividend except from surplus profits arising from the insurer's business.

Tex. Ins. Code § 403.001

Amended by Acts 2013, 83rd Leg. - Regular Session, ch. 463,Sec. 1, eff. 6/14/2013.
Added by Acts 2005, 79th Leg., Ch. 727, Sec. 1, eff. 4/1/2007.